Yes, as it uses the simple plot of a renegade cop who defies his superior officers and plays by his own rules.
Because he was disgusted that his partners, Mick and Chip, took all the credit for busting up the city drug ring and that he decided not to work in law enforcement, anymore.
Unless you count a brief race early on in the movie: there are 4 chase scenes in this film.
Yes, in a cameo at the beginning as the driver of a white Rolls-Royce.